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Only 2^200 times less efficiently (even that's generous).



I'd say between 1e7 and 1e11. 1e5 is too generous, 1e60 is way too harsh.


When a fundamental part of token generation is brute-forcing secure hashes?


Yes, but you still need, say, one computer to run what Bitcoin does (without the PoW hashing - just checking and recording 5 transactions per second). BTC uses around 15 GW currently, a computer say 15 to 150 W, so we are talking a factor of 1e9 (Giga) to 1e10.




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